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CBS
Nov 26, 2012 5:30pm PST
, a pledge created by lobbyist grover norquist. house majority leader eric cantor, senator lindsey graham of south carolina and senator saxby chambliss of georgia all said there could be an increase in tax revenue if democrats agreed to controlling the cost of medicare and medicaid. >> there's a right way to do this and there's a wrong way to do it. but at the end of the day, nancy what's got to happen is whoever's right or wrong here we've got to get the economy going again. >> reporter: chambliss and virginia democrat mark warner head up the senate's gang of eight-- four democrats and four remembers who have worked for two and a half years to find a bipartisan approach to debt reduction. do you think your democratic colleagues are going to be willing to entertain discussion of social security reform, medicare reform as part of this deal? >> listen, i think anyone that looks at our entitlements, medicare, social security, other programs, they're great programs. but the math just doesn't work anymore. not because the programs are bad but because thank goodness we're living a lot lo
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